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UniCredit to cut 950 jobs in Italy under new plan

by Mike Robinson

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© Reuters. FILE PHOTO: A UniCredit emblem is seen in downtown Rome, Might 10, 2016. REUTERS/Tony Gentile

MILAN (Reuters) – UniCredit is ready to chop 950 full-time positions in Italy underneath a brand new plan to the tip of 2024 Italy’s second-biggest financial institution offered on Thursday, unions stated in an announcement.

The cuts, primarily concentrated in central places of work, might be carried out by retiring individuals, together with through the use of an business fund that permits workers to cease working just a few years earlier than they really attain the pension age.

Particular person buyout packages may also be thought of, the unions stated.

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